PERMITTED LIENHOLDER definition

PERMITTED LIENHOLDER means Encap Energy Capital Fund III, L.P. for an amount equal to $6,803,679.26 out of the Principal Amount of the Note, plus interest accrued or thereafter payable thereon.
View Source
PERMITTED LIENHOLDER means EnCap Energy Capital Fund III, L.P. for an amount equal to $7,928,679.26 out of the Principal Amount of the Note, plus interest accrued or thereafter payable thereon.
View Source

Examples of PERMITTED LIENHOLDER in a sentence

  • Should Buyer elect to exercise of the Put, Seller or the Permitted Lienholder shall have an additional period of five (5) business days from the receipt of Buyer's notice to deliver the Notes as set forth in SECTION 2.2(a).

  • Should the Company elect to waive the automatic exercise of the Put, the Permitted Lienholder shall automatically become a Permitted Assignee for all purposes hereunder and under the Convertible Notes be deemed to be a Permitted Assignee for the portion of the Note for which such foreclosure action was instituted.

  • This covenant of non-transferability shall extend to and bind any subsequent holders of Seller, Permitted Assignee or Permitted Lienholder, who will also in turn be subject to the same restriction of non-transferability.

  • Upon the automatic exercise of the Put herein provided, Buyer shall have a period of five (5) business days from the date the foreclosure action was filed, to advise Seller or the Permitted Lienholder whether it elects to (i) accept the automatic exercise of the Put or (ii) waive the automatic exercise of the Put.

  • The Permitted Lienholder may rely on Buyer's and Seller's representations and warranties as previously set forth in this Agreement and the officer's certificates to be delivered at Closing in connection with such representations and warranties.

  • Further, Seller warrants and acknowledges that the Convertible Notes to be received by Seller as consideration for the Subject Interests are not registered securities under the U.S. securities laws and, subject to the transfer to the Permitted Assignee and to the pledge to the Permitted Lienholder, may not be transferable without the prior written consent of Seller.